Cox launches conditional tender for Variant Alternative Income Fund shares

Cox Capital Retail Secondaries Fund I, LP launched a proposed third-party tender for up to 161,290 NICHX Institutional shares at $15.47 per share, with a reserved right to accept up to 1,890,982 additional shares. It is scheduled to expire November 30, 2026 at 5 p.m. ET unless changed. The current offer says Variant Alternative Income Fund has not consented to transfers, and consent is a condition of completion. The bidder is independent of Variant. No completed transfer or sale is established as of November 6; the offer price is not the fund’s NAV.